The basic answer is that most pols, Democratic and Republican, owe their offices to big money and have since the 1990s. The failure was bipartisan and at both state and federal levels.
It has turned out that campaigns can be crowdfunded, and also that women resent being ruled by wealthy rapists, and this may ultimately lead to a successful revolt against plutocracy, but it will be a long road.
And Deutsche Bank just failed the Fed's stress test...
ReplyDeletehttps://www.reuters.com/article/us-usa-fed-stresstests/deutsche-bank-fails-fed-stress-test-while-three-us-lenders-stumble-idUSKBN1JO33U
Let's hear it for ordoliberalism!
ReplyDeletewhat the hell? how can all these laws be broke and no one gets charged?
ReplyDeleteThe basic answer is that most pols, Democratic and Republican, owe their offices to big money and have since the 1990s. The failure was bipartisan and at both state and federal levels.
ReplyDeleteIt has turned out that campaigns can be crowdfunded, and also that women resent being ruled by wealthy rapists, and this may ultimately lead to a successful revolt against plutocracy, but it will be a long road.